Negative Pressure Wound Therapy (NPWT) Market, Forecast to 2025 - Home Care Settings to Dominate Over the Forecast Period

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Apr 28, 2020, 11:45 ET

DUBLIN, April 28, 2020 /PRNewswire/ -- The "Negative Pressure Wound Therapy (NPWT) Market by Type (Conventional, Disposable NPWT, Accessories, Rental & Sales Volume), Wound Type (Surgical, Traumatic, Diabetic Foot, Pressure, Venous Leg Ulcers), End-User (Hospital, Homecare) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global NPWT market is projected to reach USD 3.24 billion by 2025 from USD 2.42 billion in 2020, rising at a CAGR of 6.1%.

Factors such as the rising prevalence of diabetes, government initiatives to prevent SSIs, increasing spending on chronic and surgical wounds, and the high rate of cesarean sections in elderly mothers are driving the growth of the NPWT devices market. On the other hand, the high cost of the NPWT devices, low adoption rates, and the complications associated with the use of NPWT devices are expected to restrain the growth of this market during the forecast period.

The major players operating in this market are Acelity (3M) (US), Smith & Nephew (UK), Mlnlycke Health Care AB (Sweden), Cardinal Health (US), ConvaTec (UK), DeRoyal (US), Lohmann & Rauscher (German), Talley Group (UK), Medela (Switzerland), and Genadyne (US), among others.

The Conventional NPWT devices segment accounted for the largest share of the NPWT devices market in 2019

Based on products, the NPWT devices market is segmented into conventional NPWT devices, disposable NPWT devices, and NPWT accessories. The conventional NPWT devices segment accounted for the largest share of the NPWT devices market in 2019. Better management of severe wound exudates by the portable conventional NPWT systems, reductions in the total disease bioburden, length of hospital stay, and the overall cost of treatment are the major factors driving the demand for NPWT devices.

The home care settings segment dominates the global NPWT devices market during the forecast period

Based on end-users, the NPWT devices market is segmented into hospitals, home care settings, and other end users. The home care settings segment accounted for the largest share of the NPWT devices market in 2019. The increasing sale of disposables and single-use consumables, rising healthcare costs, and an increase in the prevalence of age-related ailments are contributing to the large share of this segment.

North America will continue to dominate the NPWT devices market during the forecast period

The global NPWT devices market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, LATAM, and the Middle East & Africa. North America accounted for the largest share of the global NPWT devices market in 2019. Factors such as increasing incidence of chronic wounds and diabetes, favorable reimbursement scenario, and the introduction of low-cost NPWT devices are driving the growth of the North American NPWT market.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 NPWT Devices Market Overview
4.2 NPWT Devices Market, By Product Type, 2020 vs. 2025
4.3 NPWT Devices Market, By Wound Type, 2020 vs. 2025
4.4 NPWT Devices Market: Geographic Growth Opportunities

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Prevalence of Chronic Diseases
5.2.1.2 Increasing Spending on Chronic and Surgical Wounds
5.2.1.3 Government Initiatives to Prevent SSIs and Favorable Reimbursement
5.2.1.4 High Rate of Cesarean Sections in Elderly Mothers
5.2.2 Restraints
5.2.2.1 High Cost of NPWT Devices and Low Adoption
5.2.2.2 Complications and Risks Associated With the Use of NPWT Devices
5.2.3 Opportunities
5.2.3.1 Growth Potential in Emerging Economies
5.2.4 Trends
5.2.4.1 Growing Usage of Simplified Single-Use Devices
5.2.4.2 Shift in Revenue Mix from Rentals to Product Sales
5.2.4.3 Technological Advancements in NPWT
5.2.5 Challenges
5.2.5.1 Stringent Regulatory Policies

6 Negative Pressure Wound Therapy Devices Market, By Product Type
6.1 Introduction
6.2 Conventional NPWT Devices
6.2.1 Benefits of NPWT Drives Demand for Conventional Devices, But High Costs and Large Size Hinder It
6.3 Disposable NPWT Devices
6.3.1 Growing Adoption of Single-Use NPWT Devices in Home Healthcare Will Drive Market Growth
6.4 NPWT Accessories

7 Negative Pressure Wound Therapy Devices Market, By Wound Type
7.1 Introduction
7.2 Burns And Surgical & Open Wounds
7.2.1 High Incidence of These Wound Types Drives Demand for Treatment Technologies
7.3 Pressure Ulcers
7.3.1 High Cost of Treating Pressure Ulcers Has Increased Preference for Cost-Efficient Treatments
7.4 Diabetic Foot Ulcers
7.4.1 Increase in the Prevalence of Diabetes To Boost Market Growth
7.5 Venous Leg Ulcers
7.5.1 Rise in Geriatric Population Will Drive Prevalence of Venous Leg Ulcers
7.6 Traumatic Wounds
7.6.1 Increase in the Number of Emergency Visits Due To Trauma Supports Market Growth

8 Negative Pressure Wound Therapy Devices Market, By End User
8.1 Introduction
8.2 Home Care Settings
8.2.1 Rising Healthcare Expenditure And Increase in the Number of Surgical Procedures To Drive Demand for Single-Use NPWT in Home Care Settings
8.3 Hospitals
8.3.1 Rising Number of Surgeries To Drive Market Growth
8.4 Other End Users

9 Negative Pressure Wound Therapy Devices Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Rising Prevalence of Diabetes And Favorable Reimbursement Policies in the Country To Boost the Market Growth
9.2.2 Canada
9.2.2.1 Increasing Government Support To Boost Market Growth
9.3 Europe
9.3.1 UK
9.3.1.1 Increase in R&D Activity Propels Market Growth
9.3.2 Germany
9.3.2.1 Germany Has Registered An Increasing Incidence of Diabetes
9.3.3 France
9.3.3.1 Increasing Incidence of Diabetes And Growth in the Geriatric Population To Drive Demand for NPWT Devices
9.3.4 Russia
9.3.4.1 Government Focus On Increasing Diabetes Awareness Will Favor Market Growth in Russia
9.3.5 Italy
9.3.5.1 Italy Is An Emerging Market for NPWT in Europe
9.3.6 Spain
9.3.6.1 Increasing Life Expectancy And Growing Geriatric Population Will Favor NPWT Product Demand in Spain
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Increasing Incidence of Dfus To Support the Use of Single-Use NPWT Devices
9.4.2 India
9.4.2.1 Rising Surgical Volumes And Growing Investments Indicate Strong Opportunities for Market Growth
9.4.3 Japan
9.4.3.1 Favorable Regulations in Japan Have Boosted Product Launch And Commercialization Activity
9.4.4 Australia
9.4.4.1 Awareness of Diabetes Management Has Risen, Indicating Favorable Prospects for NPWT
9.4.5 South Korea
9.4.5.1 Increasing Awareness And Focus On Training Drive the South Korean Market
9.4.6 Singapore
9.4.6.1 Increased Healthcare Spending To Support Market Growth in Singapore
9.4.7 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Brazil Is One of the Largest Markets for Healthcare in the Latin American Region
9.5.2 Mexico
9.5.2.1 Rising Awareness And Burden of Diabetes Favor Market Growth in Mexico
9.5.3 Rest of Latin America
9.6 Middle East & Africa
9.6.1 Rising Diabetes Prevalence Supports Market Growth

10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis, 2018
10.2.1 NPWT Devices Market for Home Care Settings
10.2.2 NPWT Devices Market for Hospitals
10.3 Competitive Leadership Mapping (Overall Market)
10.4 Vendor Inclusion Criteria
10.5 Vendor Dive
10.5.1 Visionary Leaders
10.5.2 Innovators
10.5.3 Dynamic Differentiators
10.5.4 Emerging Companies
10.6 Competitive Scenario
10.6.1 Product Launches
10.6.2 Acquisitions & Partnerships

11 Company Profiles
11.1 Acelity
11.2 Smith & Nephew
11.3 Mlnlycke Health Care AB
11.4 Convatec Group
11.5 Cardinal Health
11.6 Paul Hartmann AG
11.7 Deroyal
11.8 Lohmann & Rauscher International
11.9 Medela
11.10 Genadyne Biotechnologies
11.11 Triage Meditech
11.12 Talley Group
11.13 Alleva Medical
11.14 Cork Medical
11.15 4L Health
11.16 Carilex Medical
11.17 Chongqing Sunshine Medical Industry & Trading
11.18 Wuhan VSD Medical Science & Technology
11.19 Pensar Medical
11.20 Haromed BVBA

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